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SCL - Sacoil Holdings Limited - Clarification of incorrect information

Release Date: 04/08/2011 10:45
Code(s): SCL
Wrap Text

SCL - Sacoil Holdings Limited - Clarification of incorrect information published on Bloomberg SACOIL HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number 1993/000460/06) JSE share code: SCL AIM share code: SAC ISIN: ZAE0000127460 ("SacOil" or "the Company") CLARIFICATION OF INCORRECT INFORMATION PUBLISHED ON BLOOMBERG Sacoil would like to clarify incorrect information pertaining to the Company, released on Bloomberg on 27 July 2011. The release claims that the Company has received interest from internationals in terms of the ownership of the Company and its assets. This is incorrect. The Company was in fact asked whether it would consider a farm down or involvement of partners in its assets. The CEO`s response was that there had been some interest indicated in doing so (as is normal in the Oil and Gas industry) but that no talks were taking place. Accordingly, shareholders are advised that the Company is currently not involved in any discussions relating to the disposal of the Company or its assets. Johannesburg 4 August 2011 Sponsor Standard Bank Nominated Adviser and Joint Broker finnCap Limited Matthew Robinson/Ed Frisby +44 (0) 20 7600 1658 Joint Broker Shore Capital Stockbrokers Limited Jerry Keen/Dru Danford Tel: +44 (0) 20 7408 4090 Contacts Tavistock (Public Relations UK) Edward Portman / Jos Simson Tel: +44 (0) 20 7920 3150 The Riverbed Agency (Public Relations SA) Raphala Mogase/Bongiwe Moeli Tel: +27 (0) 11 783 7903 Date: 04/08/2011 10:45:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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